April 29, 2008 06:30 ET

Etelcharge Announces Completion of Beta Testing of New Payment Gateway and Social Networking Website

Company Concurrently Reports on Ability to Purchase Digital Entertainment From Top-Rated Online Entertainment Company

DESOTO, TX--(Marketwire - April 29, 2008) - (OTCBB: ETLC) today announced that the Company has completed beta testing for its new version 3.0 social networking and payment gateway website and will be launching the completed new version in mid-May.

The Company concurrently announced that on the new website, subscribers will be able to purchase digital entertainment from a top-tier digital entertainment company.

"We are extremely pleased that we have completed our testing and will be launching within a couple of weeks, along with the ability to purchase digital entertainment. We incorporated many of the suggestions for improving features and usability contributed by our members. This is truly a major milestone for Etelcharge," stated Toby Wilson, Chief Technology Officer.

"We expect to announce the household name of the Digital Entertainment Provider next week. Etelcharge subscribers will actually be able to buy digital content like music, movies and other downloads from this top-tier digital entertainment merchant when we launch. That represents a first for Etelcharge and a huge one," Wilson concluded.

In advance of the new version 3.0 launch planned for mid May, Etelcharge opened its development website up to beta testers for a preview of the new features of the 3.0 payment gateway and social networking website.

Unlike existing social networking websites, which provide ways for people to connect through an open public community, will provide members the ability to connect with one another through a private more secure social fabric. Among the many features of this new release will be an exclusive shopping network of gift cards and gift certificates from major online retailers of digital goods.

About (OTCBB: ETLC), the first Web 2.0 online payment system, provides online shoppers the ability to charge approved transactions to their telephone bill. While addressing the concerns online shoppers have about identity fraud and identity theft, the Etelcharge payment option is also a perfect match for the millions of individuals without a credit card, or even a bank account. For more information, go to

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements involve a number of known and unknown risks and uncertainties that may cause, Inc. and actual results or outcomes to be materially different from those anticipated and discussed herein. These include its historical lack of profitability, limited working capital, the need for additional capital, end-use customers' acceptance of new products and actual demand, the need for, Inc. to manage its growth, and other risks associated.

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